The Market Ticker
Commentary on The Capital Markets- Category [Flash]
2016-11-10 07:42 by Karl Denninger
in Flash , 319 references
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As I have pointed out multiple times:

Entitlements have been growing in cost at 9% since 1965.

Heh Steve LIESman: "Nobody's been talking about that" eh?

What's the ****ing pinned topic here on The Ticker?  And by the way, that's not the first pinned topic of the same bent either!

I've literally been on this since The Market Ticker began publication.  And no, as Greenspan claims, he's wrong about it being all centered in people getting older.  It's not, as I've repeatedly proved using the actual Treasury financial statements.

Want to read it? Go ahead -- it's right here.

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2016-11-09 21:48 by Karl Denninger
in Flash , 241 references
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I'll be damned.

CHICAGO –  A British futures trader has pleaded guilty during his first U.S. court appearance since helping to trigger a 2010 "flash crash" from his parents' suburban London home that wiped billions of dollars off the value of U.S. stocks.

Navinder Singh Sarao stood in a Chicago courtroom Wednesday with his legs shackled as a judge asked if he understood the consequences of pleading guilty, including that he could face 30 years in prison. The 37-year-old answered quietly, "Yes, your honor."

Now here's the interesting part.

I caught him in an infamous 4th of July video and Ticker on it in 2010.

Yes, I'm serious.  And yes, I know this as a fact, not as supposition.

He pled guilty, so the case is over (other than sentencing, of course) and whatever else may be developed from his cooperation.

So if you're into the "enter order and then immediately cancel" game..... be aware -- it looks like it can get you 30 years in prison -- and should.

Sometimes the good guys win.

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What?!

An obscure private firm hired by the State Department over internal objections to protect U.S. diplomats in Benghazi just months before the American ambassador and three others were killed was staffed with hastily recruited locals with terror ties who helped carry out the attack, multiple sources told Fox News.

The explosive charge against Wales-based Blue Mountain Group comes from several sources, including an independent security specialist who has implemented training programs at U.S. Consulates around the world, including in Benghazi, where he trained a local militia that preceded Blue Mountain. The source, who spoke on condition of anonymity, said Blue Mountain used local newspaper ads to assemble a team of 20 guards, many of whom had terror ties, after securing a $9.2 million annual contract.

And what department awarded that contract?

Department of State, headed by Hillary Clinton.

“The guards who were hired were locals who were part of the Ansar al-Sharia and Al Qaeda groups operating in Benghazi,” said the source, whose assignment in Benghazi had ended in November 2011. “Whoever approved contracts at the State Department hired Blue Mountain Group and then allowed Blue Mountain Group to hire local Libyans who were not vetted.”

THIS IS WHAT HAPPENS WHEN YOU ALLOW UNCLEARED PEOPLE TO HANDLE SENSITIVE INFORMATION.

LIKE ALLOWING YOUR MAID INTO THE SCIF.

THAT IS WHY IT'S ILLEGAL TO DO THINGS LIKE THAT.

Oh, you want to believe it was accidental?  Well, maybe grossly negligent-level to the point that Hillary should have been charged with manslaughter, but if not, it was intentional.  Why do I say that?  Right here:

“One of those guards hired by Blue Mountain was the younger brother of the leader of Al Qaeda of Benghazi,” he said.

REALLY?  The younger brother of the leader of Al Qaeda in Benghazi?!  They didn't even check this bastard's name!

From the referenced article:

“Think about it: Hillary Clinton's State Department actually hired the very people who, along with their jihadist allies in Benghazi, attacked us and killed U.S. Ambassador Chris Stevens and Sean Smith as well as CIA contractors Glen Doherty and Ty Woods,” Lopez said.

NOW YOU KNOW WHY HILLARY TRIED TO ERASE EVERYTHING RELATED FORM HER "PRIVATE" SERVER, AND WHY SHE LIED REPEATEDLY.  HER ODDS OF BEING ABLE TO RUN FOR DOGCATCHER IF THIS HAD ORIGINALLY BEEN RELEASED WERE ZERO, AND THAT IS ONLY IF SHE MANAGED TO AVOID GOING TO PRISON FOR PUTTING THE SON OF THE LOCAL AL QAEDA GROUP'S LEADER INSIDE THE BUILDING WITH A GUN!

YOU GOT THAT?  HILLARY CLINTON PUT AN ARMED TERRORIST INSIDE THE COMPOUND AT BENGHAZI AND HE, ALONG WITH THE OTHERS, DID WHAT TERRORISTS DO.

NOW WHY WAS SAT ON BY THE MEDIA UNTIL TODAY?

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